Table 1 Case A BB BZ 4 1 1 2 Case B BB BZ 4 1 3 2 Case C BB BZ 4 1 2 2 Case D BB BZ 4 2 2 1 Sugar (tonnes/hous Rice (tonnes/hour) 3. Using the information for Case B in Table 1, assume that labour us the only factor of production and is homogeneous? (a) What is the cost in terms of labour content of producing sugar and rice in Barbados and Belize? (6) What is the price in Barbadian dollars) of sugar and rice in Barbados if the wage rate is $67 What is the price in Belizean dollars) of sugar and rice in Belize if the wage rate is $12 Consider Case B in Table 1. (a) Plot the production frontiers of Barbados and Belize. (6) What is the relative price of sugar (Ps/Pr) in Barbados and in Belize under autarky? () What is the relative price of rice (Pr/Ps) in Barbados and Belize under autarky? (d) Assuming that the no-trade or autarky is 3S and/R in Barbados and VS and 1R in Belize. Assume also that with the opening of trade Barbados exchanges 15 for 1R with Belize. Show graphically for Barbados and Belize the autarky point of production and consumption, the point of production and consumption with trade, and the gains from trade